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Nvidia Is Up 186% From A Year Ago, Yet These 7 Stocks Have More Than Doubled Their Returns Over The AI Chipmaker

Benzinga ·  May 30 05:56

NVIDIA Corp.(NASDAQ:NVDA) has been the standout tech stock of the past year, leading theNasdaq 100 indexin the performance ranking.

The chipmaker giant has seen an astounding 186% surge since the end of May 2023, fueled by skyrocketing demand for chips in artificial intelligence development.

Veteran Wall Street investorEd Yardenirecently coined "Magnificent One" to differentiate Nvidia's extraordinary performance from the Magnificent Seven.

To illustrate the magnitude of Nvidia's market value increase, just a year ago, the company was valued at $1 trillion. Today, it boasts a staggering $2.8 trillion valuation, making it the third-largest company in the...

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